Glencore Seeks Fresh Start With $7.7 Billion Hit To Xstrata
Glencore Xstrata (GLEN.L) took a $7.7 billion hit on mining assets acquired in its takeover of Xstrata, drastically reducing the value of projects in...
Penney Sales Stumble But Back-To-School Up And Running
J.C. Penney Co Inc's (JCP.N) sales continued to fall sharply last quarter as shoppers balked at the fancier items in its relaunched home-goods section,...
Barnes & Noble Founder Halts Plan To Buy Stores; Loss Widens
Barnes & Noble Inc's founder on Tuesday pulled the plug on his plan to buy the company's bookstores and the chain posted a deeper...
Ethiopian Govt Commends Dangote On New Multi-Billion Naira Cement Plant
SAN FRANCISCO, August 19, (THEWILL) – The government of Federal Democratic Republic of Ethiopia has lauded President/Chief Executive of Dangote Group, Aliko Dangote for...
Bund Yields Hit 17-Month High, Rupee Slumps
Rising expectations the Federal Reserve will soon scale back its stimulus drove German and U.S. bond yields to multi-month highs on Monday and dealt...
Boeing Undercuts Rivals In South Korea Fighter Contest: Sources
Boeing's bid in the 8.3 trillion won ($7.4 billion) tender to supply South Korea with 60 fighter aircraft was the only one below the...
Alibaba In Talks With Hkex On Ownership Structure Ahead Of IPO: Sources
Alibaba Group Holding Ltd ALIAB.UL is in talks with the Hong Kong stock exchange about allowing its founders to maintain control over the Chinese...
Atlas Copco To Acquire Edwards Group For Up To $1.6 Billion
Swedish engineering group Atlas Copco (ATCOb.ST) said on Monday it was buying British industrial technology firm Edwards Group (EVAC.O) for up to $1.6 billion,...
Wall Street Flat After Rout But Homebuilders Rise On Data
Stocks were little changed on Friday after the largest sell-off in almost two months in the previous session, but homebuilders rebounded on recent housing...
SEC Approves ICE’s Planned Takeover Of NYSE
The Securities and Exchange Commission has approved the takeover of NYSE Euronext by IntercontinentalExchange, according to a regulatory filing made available on the regulator's...